Net profit of Saudi Aramco in 2019 decreased by 21%

US, WASHINGTON (NEWS OBSERVATORY) — The net profit of the world’s largest oil and gas producer Saudi Aramco in 2019 amounted to $ 88.2 billion against $ 111.1 billion a year earlier, follows from its report.

The decline is due to low oil prices and limited production.

The company’s condensate oil production in 2019 amounted to 13.2 million b / c A.D. The company’s reserves at the end of the year amounted to 259 billion barrels of AD.